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The Swiss Hail Insurance Company (Swiss Hagel) announced on Wednesday that more than half of the total costs are caused by hail. About 30 percent of the damage is caused by drought. This was particularly evident in maize and sugar beet in Western Switzerland. Storm damage accounted for nearly a tenth of the total. Arable crops, vegetables, wine, fruit and berries were severely affected.
Schweizer Hagel insures agricultural products from farmers in Switzerland and neighboring countries such as France and Italy. In addition, the insurance company insures pigs, dairy cattle and laying hens against animal epidemics. Swiss Hagel insured agricultural crops worth 4.1 billion francs in 2023.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
